{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-010733","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2025-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.221426+00:00","generated_at":"2026-05-23T23:07:39.820434+00:00","sec_items":["8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bassett reports Q1 EPS $0.21 vs loss; normalized sales up 2.2%","bullets":["Revenue $82.2M, down 5.1% as-reported; adjusted for prior-year 14th week, up 2.2%.","Operating income $2.6M (3.0% of sales) vs loss of $2.4M; diluted EPS $0.21 vs loss $0.14.","Gross margin improved 170 bps to 57.0%; SG&A cut 400 bps to 54.0% of sales.","Wholesale segment op income $8.7M (16.4% margin); Retail broke even vs prior loss.","CEO cites cost reduction and product innovation to weather tepid home furnishings demand."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-010733","json":"https://secwatch.observer/filing/0001437749-25-010733.json","markdown":"https://secwatch.observer/filing/0001437749-25-010733.md","text":"https://secwatch.observer/filing/0001437749-25-010733.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774925010733/0001437749-25-010733-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774925010733/bset20250402_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T23:07:39.820434+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}